“On the one hand having competition is good. But having competition that plays by different rules isn’t good. Too many of these companies operate kind of dodgy. I have even heard of people registering who were able to open and register accounts as Mickey Mouse and Kermit the Frog” – Glenn Stevens, CEO, GAIN Capital

The Memorandum of Cooperation establishes arrangements between the signatory authorities regarding Central Counterparties (CCPs) that are established in Japan, are licensed or approved by the JFSA, and have applied for recognition under EMIR

The Financial Conduct Authority (FCA) considers that automated copy trading constitutes portfolio management and is defined as such under MiFID, therefore subject to regulation on that basis, however following signals and executing trades manually is not categorized as portfolio management

Malta Financial Services Authority sets out some new criteria regarding the licensing of entities that would like to offer online forex trading to retail clients in terms of the Investment Services Act, Cap. 370…

Europe’s financial regulators are following in North America’s footsteps one year later, as Keler CCP becomes the ninth central counterparty to be authorized under the new EMIR rulings for OTC derivatives, including FX.